External Trade - August 2013

Y-o-y exports grew, imports stagnated

07.10.2013
Code: r-6001-13
 




In August 2013, according to preliminary data of ‘cross−border statistics’ at current prices, exports increased by 1.9% while imports stagnated, year-on-year (y−o−y). The trade balance ended in a surplus of CZK 20.6 bn, which was by CZK 4.2 bn higher compared to August 2012.

According to preliminary data of ‘cross−border statistics’, seasonally adjusted exports and imports rose by 2.8% and 4.2% respectively compared to July 2013. The development trend shows increasing exports (+1.8%) and imports (+1.1%).

Year−on−year, exports at current prices went up by 1.9% (CZK +4.5 bn) while imports at current prices remained unchanged, or more precisely, it grew by 0.1% (CZK +0.2 bn). Exports of entities seated in the Czech Republic were higher by 2.7% (CZK +5.0 bn) and exports entities seated outside the Czech Republic fell by 1.0% (CZK −0.6 bn). Imports of entities seated in the Czech Republic increased by 1.9% (CZK +3.5 bn) while imports of entities seated outside the Czech Republic dropped by 8.9% (CZK −3.3 bn).

Due to different exchange rate trends, exports and imports in terms of euro decreased by 1.3% and 3.0% respectively, while in terms of US dollars exports and imports went up by 6.0% and 4.1% respectively.

In August, the trade balance ended in a surplus of CZK 20.6 bn which was by CZK 4.2 bn higher y−o−y. The balance of trade of entities seated in the Czech Republic showed a deficit of CZK 0.1 bn (against a deficit of CZK 1.6 bn in August 2012), the trade balance of entities not seated in the Czech Republic recorded a surplus of CZK 20.7 bn (compared to a surplus of CZK 18.0 bn in August 2012).

Y−o−y, surplus grew in ‘machinery and transport equipment’ (by CZK 9.3 bn), ‘crude materials, inedible, except fuels’ (by CZK 0.3 bn) and ‘beverages and tobacco’ (by CZK 0.2 bn). On the other hand, deficit deepened in trade in ‘mineral fuels, lubricants and related materials’ (by CZK 3.9 bn) and ‘chemicals and related products’ (by CZK 0.8 bn); and surplus shrank in trade in ‘manufactured goods classified chiefly by material’ (by CZK 0.8 bn) and ‘miscellaneous manufactured articles’ (by CZK 0.1 bn). Deficit in ‘food and live animals’ (CZK −2.3 bn) remained unchanged, y−o−y.

Total 'machinery and transport equipment' exports grew by 6.5% (CZK +7.9 bn), y−o−y. Exports grew mainly in ‘road vehicles’ by CZK +10.9 bn (impact of a low comparative base of August 2012), while ‘office machines, automatic data−processing machines’ recorded a drop in exports (CZK −3.1 bn). Total 'machinery and transport equipment' imports decreased by 1.5% (CZK −1.3 bn), y−o−y. Decreases in imports were posted in ‘office machines, automatic data−processing machines’ (CZK −4.1 bn) and ‘telecommunications and sound-recording equipment’ (CZK −2.0 bn). Imports increased mainly in ‘road vehicles’ (CZK +2.5 bn) and ‘power-generating machinery and equipment’ (CZK +1.2 bn). Imports of ‘mineral fuels, lubricants and related materials’ grew by 4.7% (CZK +1.2 bn), y−o−y. Imports of crude petroleum dropped by 4.3% in value and by 9.1% in volume. Imports of natural gas were higher by 28.4% in value and by 54.0% in volume.

The trade balance with EU28 Member States ended in a surplus of CZK 51.4 bn, which was by CZK 1.5 bn higher, y−o−y. Deficit of trade with non-EU countries decreased by CZK 2.8 bn to CZK 30.0 bn. Deficit shrank in trade with China (by CZK 3.3 bn), Japan (by CZK 1.1 bn) and Norway (by CZK 1.0 bn). Surplus rose in trade with Germany (by CZK 1.2 bn), France and the United Kingdom (both by CZK 1.1 bn). On the other hand, deficit deepened in trade with the Russian Federation (by CZK 3.5 bn) and Poland (by CZK 1.2 bn); and surplus decreased in trade with Slovakia (by CZK 0.5 bn).

In January−August 2013, exports and imports fell by 0.6% and 2.5% respectively. The trade balance surplus reached CZK 238.4 billion which was by CZK 34.5 billion higher, y-o-y. The trade balance improved due to increases in surplus in ‘machinery and transport equipment’ (CZK +20.2 bn), ‘miscellaneous manufactured articles’ (CZK +11.9 bn), and ‘manufactured goods classified chiefly by material’ (CZK +7.5 bn).

The trade balance in national concept (methodology of balance of payments) reflecting performance of the Czech economy showed a surplus of CZK 0.3 bn in August 2013. The data on exports and imports of goods, calculated by using the VAT data according to this concept, are available in Table 8 and in the time series External trade in goods according to change of ownership (national concept).


Notes:
According to the CZSO sources data were obtained from 97.7% of companies (for goods dispatched) and 97.6% of companies (for goods arrived) obliged to report to the Intrastat system. Data for companies, exempted from the reporting duty, in accordance with the amended Decree No. 201/2005 Sb., and for companies that failed to report, have been imputed. The imputation methods are based on data of trade implemented that the companies reported in the previous period and data given in the VAT return forms.
The data for individual months of 2012 are final; the data for individual months of 2013 are preliminary. Preliminary data of the reference month are released together with updated data of the previous three months. All data are processed from basic reporting units and subsequently rounded.
After the accession of the Czech Republic to the European Union, two systems of data collection are used as a source on external trade statistics in cross-border conception (cross−border statistics). Extrastat records data on trade with the non-EU countries and uses some data from Single Administrative Documents. Intrastat collects data on movement of goods within the European Union for entities that are obliged to provide Intrastat data. According to legal regulations of the European Communities, entities registered for Value Added Tax have a duty to provide data for Intrastat regardless of the fact, whether an entity is or is not seated in th e Czech Republic (resident or non-resident). Detailed information is available in external trade methodology: /csu/czso/whatisexternal_trade
Responsible manager of the CZSO: Ing. Marek Rojíček, Ph.D., Director of Macroeconomic Statistics Branch, phone (+420) 274 052 486 , E-mail: marek.rojicek@czso.cz
Contact: Karel Král, Director of External Trade Statistics Department, phone (+420) 274 052 161, E-mail: karel.kral@czso.cz
Method of data collection: Intrastat forms and Single administrative documents.
End of data collection: 20 th working day after the end of the reference month
Documents available on the CZSO website: w-6001-13 External Trade of the Czech Republic –detailed breakdown (periodicity: monthly): /csu/czso/external-trade-of-the-czech-republic-december-2013-gaipctvf7d
External Trade Database: http://apl.czso.cz/pll/stazo/STAZO.STAZO?jazyk=EN
Next News Release: November 6, 2013

This press release was not edited for language.



  • avzo100713.doc

  • Annexes:
  • Table 1 External trade in goods in CZK million, year-on-year indices (‘cross-border statistics’)
  • Table 2 External trade in goods by sections of SITC, in CZK million, share percentage, year-on-year indices (‘cross-border statistics’)
  • Table 3 External trade in goods by group of countries in CZK million, share percentage, year-on-year indices (‘cross-border statistics’)
  • Table 4 External trade in goods in EUR million, year-on-year indices (‘cross-border statistics’)
  • Table 5 External trade in goods in USD million, year-on-year indices (‘cross-border statistics’)
  • Table 6 Time series decomposition – exports, seasonal adjustment (‘cross-border statistics’)
  • Table 7 Time series decomposition – imports, seasonal adjustment (‘cross-border statistics’)
  • Table 8 Main external trade statistics indicators based on the national concept (the principle of change in ownership)
  • Table 9 External trade by the residency of reporting entities in 2011 and 2012 (‘cross-border statistics’)
  • Graph 1 Exports in CZK billion (‘cross-border statistics’)
  • Graph 2 Imports in CZK billion (‘cross-border statistics’)
  • Graph 3 Balance in CZK million, year-on-year-changes (‘cross-border statistics’)
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Published: 07.10.2013
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz